
Raymond James has announced several upgrades and price target increases for major tech companies. The firm maintained a 'Strong Buy' rating on Meta Platforms ($META), raising its price target to $725 from $675. Similarly, the price target for Amazon ($AMZN) was increased to $260 from $230. Reddit ($RDDT) also saw its price target raised to $200 from $150, reflecting the firm's confidence in the company's potential for international expansion. Following this announcement, Reddit shares experienced a notable rise of 8.4%, closing up 7.41% at $188.32, marking a new high since its IPO. Additionally, MercadoLibre ($MELI) received an upgrade to 'Strong Buy' with a price target set at $2,250. Other companies mentioned include GoDaddy ($GDDY), which saw its price target raised to $230, and Jefferies reiterated a 'Buy' rating on Meta with a price target of $715. These updates reflect a bullish sentiment in the tech sector as analysts adjust their forecasts based on recent performance and market conditions.